These services are great, but we need competition.

I'm not sure I'm on board with Fold. They have a monster spread when you sell - so you are actually paying a MUCH bigger fee for this bill pay than what you think because when they sell your Bitcoin to make the US$ payment you are paying a HUGE spread between market value of #Bitcoin and Fold price.

I did several comparisons with Strike, it was about 2% spread.

I tried Strike and Fold for bill pay - I'm back to my checking account - where I control the sell in Strike, then I have to move the money to my checking (I can pay directly out of Strike but then I need to keep cash stash in my fiat bank account and strike).

But they can’t print more. Based on scarcity all Bitcoin flows to those that work. It’s a new ball game.

Even if nations adopt they can’t maintain it - Government is too inefficient.

Ow will it get stollen? The ETF is up for grabs but those with cold wallets will be just fine.

The headline should be, "El Salvador plays the IMF like Michael Saylor to build a bigger Bitcoin Reserve"

The Economist is irrelevant.

Think of how YOU started with digital money? Did you buy ANYTHING other than #Bitcoin at some point in your journey? I know I did (hard to admit now with what I know but oh well).

Nations (and businesses) will do the SAME THING. They will play around with Shitcoins and do a lot of stupid things.

But all roads lead to Bitcoin. Bitcoin will continue to eat everything. Enjoy the ride. Be patient.

If the old concrete lasted only 2X as long (instead of 100sX as long) that would apply.

The answer is it's cheaper upfront.

In a money system that puts MORE value on doing things cheap upfront instead of building for the future, this is what you get.

When you look back in history, the best art and architecture was done/built during HARD MONEY times - when money had value.

We are headed back to those times once the US$ system fails and we go back to Gold, but ultimately we will end up on a #Bitcoin standard driving time preference to zero - meaning we will build everything for the future to last as long as technically possible.

We will also make decisions to do something based on future value - instead of as cheap as possible upfront to get by at the expense of the future. If you study history, this all becomes very clear over 1000s of years.

Nope - Bolton is wrong and has been wrong about almost everything. https://primal.net/e/note1j7k9k3aqe5pt5s3duh977c0sdmg27lyhynalqt5xz7qepav6uewqmvpvwn

Read the book, “Provoked” - you won’t ask that question ever again, even if u only make it 100 pages into the book.

So why don’t we start making concrete like this again?

The book series, “The Story of Civilization” is very good.

100%. After the last several year studying history, all modern wars have been funded by fiat. When I say modern, the last 2000 years!

Without fiat, it's likely we would not have any more wars because the rewards from war would be LESS than what it costs (if you can't print money to fight them).

Money has been broken for all of Civilization. If we fix it, what happens could be beyond amazing. #Bitcoin

Not really. Yes, the US$ was shored up with Saudi's requiring payment in US$ for oil. This forced the world into 'collecting' US$ to buy Oil. This system has solidified itself in the world - i.e. US$ as a Global Reserve Currency.

Any extra US$ fund the US debt through treasuries (the world 'saves' in US treasuries - as a liquid asset).

The problem here is US$ is actually NOT an energy money. And the US Government has cheated for decades printing more of it - because they can. The narrative that the US$ is backed by energy, and the US Military is basically made up fiction. US$ is just a fiat currency used by the US to control other countries (and export inflation from the USA).

US sorta has the world by the balls right now. It's very hard to break from the network - because so many have a vested interest in the US$ network - they keep using it. But that is starting to crack.

Sadly, when it does actually break, it will likely break very quickly.

Yes, #Bitcoin is scarce - as one of the fundamental requirements of real money. But the energy part is the most important. Proof of Work protects that network so it remains scarce. And remains verifiable.

Exactly. People buying the ETF (90%+) have no idea what they are buying.

This was inevitable. Price go up, gamblers buy. Price go down, gamblers panic. It's actually a way to remove 'real' money from gamblers and return it to investors and those planning for the future.

Fiat does this too, to some extent. The problem with fiat is the gamblers/scammers rise to the top gaming the system, then tap into the money printer (most of your elected officials and bankers).

That ain't gonna happen with energy based money. We NEED these pull backs - probably more than what people wish/think.

So what do you suggest?

(there is also the ignorance and complacency Democracy creates)

Why does democracy evolve into a dictatorship?

Bukele is the Saylor at a Nation State level!

The fact this is even discussed makes ETH completely irrelevant.

And for those that can't see it, your loss.

#Bitcoin ONLY. And not your keys, not your coins. OFF network hardware wallets ONLY! AIR GAPPED!

You are so right. One scammer preying on another scammer.

North Korea proving they are one notch above the scammer/gamblers in the West. Which is sad- because North Korea is such a suppressive Government.

But the reality is, they are just playing the same game Shitcoiners play. STEAL money from people that don't know any better.

Big believer in blockchain. But what we are doing with all these altcoins with leaders of 'projects' getting rich floating this garbage, stealing from the venerable is not ethical - not that much different from North Korea treating their citizens with the same theft of life.

Hard to put in words. There is NOTHING that will change a persons life more than buying Bitcoin daily (enough to make a difference - whatever that is for the person).

In 5-8 years your entire outlook will change. You will NEVER see money the same again. Your time preference goes to zero - you start planning for GENERATIONS (not tomorrow).

When you hear that "Bitcoin fixes everything" - you believe it. You will believe it if you do it.

No one has anything to lose except a few nights out on the town.

100%. Started buying bitcoin in 2016 and in 2017 started buying daily. Been at it ever since! It’s been fun, watching the world wake up to the problem with Fiat currency. Or at least my perception of them waking up because I woke up!